Brazil Markets Crater, Some Stocks Sink 50% After Lula Victory

Fecha de publicación: 26 de octubre de 2026, 1:21

Brazilian markets cratered, with the currency and the benchmark stock index quickly racking up losses of more than 10%, as the surprise re-election of leftist President Luiz Inácio Lula da Silva blew up the bullish wagers that investors had made on the country in recent weeks.